Dumbo Ranked the Fourth Most Expensive Nabe in NYC

Property Shark compiled a list of the most expensive neighborhoods in NYC based on an analysis of entire neighborhoods instead of strict zip code boundaries. So which neighborhood ranked above the Upper West and Upper East Side, West Village and Chelsea? Dumbo, which came in fourth, just behind Soho, Tribeca and Flatiron. Boerum Hill, the only other Brooklyn neighborhood on the list, was the 10th most expensive. According to Property Shark: “Surprisingly, Dumbo surpassed many high-end Manhattan neighborhoods and is in forth place with a median sale price of $1,075,000, 9% up from the median sale price recorded in Q2 2010, which was $990.000.”
Dumbo Makes it in the Top Five Most Expensive NYC Neighborhoods [Property Shark]

5 Comment

  • Boerum Hill’s more expensive than Brooklyn Heights? Really?

  • Got to hand it to Walentas – while the views and bldgs are amazing – I hate Dumbo (cut off – limited stores, limited subway desolate, etc…)

  • The survey is sort of skewed it is based on median sale price. So Boreum Hill (and Dumbo) make it because they have expensive units sold in that period – Dumbo has all new all luxury units so that makes sense and I am guessing that Boreum Hill is high because it is mostly single family houses (no coops and condos) so it gives it a high median. Point is survey is meaningless….

  • Price per square foot doesn’t have a lot of carryover meaning to a lot of people. What puts butts in the seats is “Priciest.”

    Everyone I know who lives in DUMBO is in finance, runs a blog, or is in media. Except the longest tenured resident I know, a stay at home dad.